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2024 Compare Cities Economy:
Silver Spring, MD vs Albany, NY

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Highlights
- Household income in Albany, is 43% less than it is in Silver Spring and is 31% below the National Average.
- Silver Spring unemployment rate is 5.7%.
- Albany unemployment rate is 7.1%.

Economy
 Silver Spring, MDAlbany, NYUnited States
 Unemployment Rate5.7%7.1%6.0%
 Recent Job Growth0.8%0.5%1.6%
 Future Job Growth31.0%24.8%33.5%
 Sales Taxes6.0%8.0%6.2%
 Income Taxes8.0%6.2%4.6%
 Income per Cap.$49,261$31,969$37,638
 Household Income$91,970$52,583$69,021
 Family Median Income$107,455$72,988$85,028
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 Est. Households By Income
 Silver Spring, MDAlbany, NYUnited States
 Income Less Than 15K4.7%16.0%9.4%
 Income between 15K and 20K2.1%5.2%3.8%
 Income between 20K and 30K6.3%9.1%8.1%
 Income between 30K and 40K7.0%8.2%8.0%
 Income between 40K and 50K7.1%9.6%7.6%
 Income between 50K and 60K6.1%7.4%7.2%
 Income between 60K and 75K9.0%9.1%9.6%
 Income between 75K and 100K12.1%11.4%12.8%
 Income between 100K and 150K18.8%13.9%16.3%
 Income between 150K and 200K11.5%5.1%7.8%
 Income greater than 200K15.5%5.1%9.5%
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 Population By Occupation
 Silver Spring, MDAlbany, NYUnited States
 Management, business, finance20.2%15.1%16.4%
 Engineering, computers, science15.1%7.6%6.5%
 Community, social services1.8%3.6%1.8%
 Legal3.7%1.7%1.2%
 Education, library8.4%7.4%6.2%
 Arts, design, media, sports, entertainment4.3%2.4%2.0%
 Healthcare practitioners and technology3.7%7.3%6.2%
 Healthcare support2.4%5.6%3.3%
 Firefighters, law enforcement1.0%2.4%2.1%
 Food preparation, serving4.1%5.7%5.4%
 Building maintenance3.9%3.9%3.6%
 Personal care4.5%3.6%2.6%
 Sales, office, administrative support13.4%23.7%20.9%
 Farming, fishing, forestry0.1%0.0%0.6%
 Construction, extraction, maintenance/repair6.9%2.8%8.1%
 Production, transportation, material moving6.6%7.2%13.1%

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Reviews for Silver Spring    18 Reviews

Growing up in Silver Spring, my family and I have been residents for the better part of 25 years. Although some of the development has been great (Discovery Channel, new  More

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What a delightful school! The first time we drove up to the school, our first impression was of the charming shaded playground with wooden structures and surrounding  More

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What a delightful school! The first time we drove up to the school, our first impression was of the charming shaded playground with wooden structures and surrounding  More

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Reviews for Albany    56 Reviews

Over 2 years ago

I live relatively close to Albany, and I gotta say, its a great city. I think it has a lot of good places for food, good living spaces, nice jobs and offices, and I  More

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Over 4 years ago

I’ve lived just outside of Albany in Clifton Park and its always been decent for me. The town is nice and theres a lot to do. The prices are a little expensive including  More

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Over 4 years ago

Good place to retire. Walkable. Young people. Buses. Sidewalks. Feel safe here in Whitehall neighborhood. Plenty to do. Taxes in ny are high,but you get what you pay  More

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ZIPS IN SILVER SPRING, MARYLAND
20910 20901 20903
ZIPS IN ALBANY, NEW YORK
12203 12208 12206 12209 12210 12202 12222 12207

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